12
Apr
16:27
US scrap settles in line with expectations
US April scrap trading, which started on 4 April, has settled completely in line with expectations. Obsolete scrap prices decreased by $20/gross ton, while prime grades settled sideways.
A US scrap supplier tells Kallanish: “Some mills entered the market earlier than expected and trading was quite easy with no resistance from suppliers. Suppliers were ready to sell at $20/gt lower but doubted a steeper decrease. It did not happen.”
Although it is too …
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Anonymous
Very good overview of the weekly steel market.
Anonymous